ICICI- Guaranteed Saving Insurance (Gas) Policy — ICICI Agent and name " Insurance" in the policy is misleading the customer

Address:

Tamil Nadu

Sir, My Name is Vishwanathan. When I joined the new company I wanted to reduce the income tax so I went to the ICICI bank to take the good insurance policy. The ICICI employee who addressed me asked me go for the ULIP policy (where I have pay money every yearly)? I told no, I cannot pay on yearly basis. I wanted to take the policy where I can pay the money on the monthly basis.He asked me to take the yearly premium policies again and again. After a long discussion he told me to take the "Gurantee saving Insusrance policy"

1. ICICI employee is hiding the truth of the policies
2. If the policy holders, dies before the maturity date. the Nominee will get only 5% for interest.
3. To get the entire benefits of the policy the policy holder has survie for 15 years or 20 years.

Regards,
Viswa